almost as much as core action in emerging market in the united states. when trouble occurs in the eurozone the risk of something implies the risk is off, risk aversion is high and that skt as global equity markets not just those in the eurozone. >> you're not expecting the u.s. economy to get the contagion to fall into a double dip by any stretch, in fact, your prediction for me nor what economic growth was going to be for the remainder of the year, i was somewhat surprised by that. you're looking for slow but 2% growth. >> well, i see, 2% growth is better than europe that is one below u.s. potential of unemployment being high. but i worry about next year because by next year there is a fiscal drive and wages are not going up, income growth that's been taxes and transfers. some of them are going to expire next year so double whammy. fiscal drive and deleveraging on house notes. you get this drag, go towards 1% is back to stalled speed, double dip in a situation in which europe is in trouble and war with iran, issue of the nuclear proliferation, china is